Europe

It's International Workers' Day -- organized by unions and left-leaning political parties across the world. Thousands of protesters are out on the streets in Greece, France and even Russia.

McDonald's said today its profits were up 7 percent last quarter, thanks to a 9 percent rise in U.S. restaurant sales and a 5 percent boost in Europe. Also General Electric reported an 11 percent drop in profit during the first three months of the year.

France will try to borrow a lot more money today. But the low borrowing costs the country has seen every since the European Central Bank handed out a trillion dollars in emergency loans are no longer a sure thing -- that money may be running out.

There were several massive earthquakes off the coast of Indonesia today, triggering tsunami warnings across the Indian Ocean. Those warnings have been cancelled and no serious damage has been reported so far.

While U.S. stock markets reacted positively to the stress test news, some analysts in Europe still worry about the volatility of CitiGroup.

In Greece, private investors have agreed to write off about 75 percent of their loans to the country.

If Greece will soon be out of the woods, at least temporarily, other European nations are still at risk of financial collapse.

There is a possibility that Greece's private creditors won't accept big losses on their investments by a deadline tomorrow night.

After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion plus bailout for Greece. That'll save the country from a messy default, but stability can be hard to get too excited about, for Greeks and banks that owned Greek bonds -- especially with the harsh terms of the agreement.

After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion bailout deal for Greece. It'll save the country from a messy default, but the terms of the deal are painful.